On April 6, the University’s Board of Trustees approved the revised Intellectual Property Policy, which provides for ownership of copyright for traditional works, rights in patents and inventions, and rights in software for faculty, staff and students. Because the current policy was last revised in 1989, the revised policy was updated to better encourage the creation and dissemination of knowledge, and promote the commercialization of intellectual property. The updated policy:
- clarifies the rights of faculty members with respect to their scholarship, instructional works and artistic works
- addresses the rights of software creators
- revises the process for the commercialization of inventions, discoveries and patents
- addresses the rights of staff members with respect to their intellectual creations
- adjusts the royalties-sharing mechanism
- establishes a dispute resolution mechanism
Click here to learn more about the policy.